📉 Gold (XAU/USD) Technical Analysis – Bearish Breakdown in Play | June 20, 2025 🟡
🕒 Timeframe: 4-Hour
📍 Asset: Gold Spot / U.S. Dollar (XAU/USD)
🖼️ Chart Source: TradingView by AngelaFxTrading
🔍 Chart Overview
The 4H chart displays a clear bearish breakdown from an ascending trendline (blue), followed by a rejection at a key horizontal resistance zone (highlighted in purple).
🧠 Key Technical Insights
📌 1. Resistance Zone Rejection
Price Level: ~$3,370 - $3,390
Price attempted multiple breakouts above the resistance zone but consistently failed, indicating strong seller presence. The red arrow marks a lower high, suggesting waning bullish momentum.
📈 2. Trendline Break
The rising blue trendline has been decisively broken. This signals a potential trend reversal from bullish to bearish.
🧭 3. Support Levels to Watch
Minor Support: $3,294.43 (short-term reaction zone)
Major Support: $3,244.87 (target of the projected drop)
🔮 4. Bearish Projection
Blue arrows indicate a measured move expectation, targeting the $3,244.87 level.
A bearish flag/pennant formation post-break suggests continuation lower.
⚠️ Key Considerations
Fundamentals: Note the icons at the bottom — upcoming USD-related news/events 📅 could inject volatility.
Confirmation: For bears, a clean rejection from the resistance retest would confirm entry zones.
🧭 Trading Bias:
🔻 Short-term Bearish
As long as price remains below the purple resistance and under the broken trendline, selling pressure dominates.
🛑 Invalidation Zone
A daily close above ~$3,390 would invalidate this bearish setup and suggest a return to bullish momentum.
🕒 Timeframe: 4-Hour
📍 Asset: Gold Spot / U.S. Dollar (XAU/USD)
🖼️ Chart Source: TradingView by AngelaFxTrading
🔍 Chart Overview
The 4H chart displays a clear bearish breakdown from an ascending trendline (blue), followed by a rejection at a key horizontal resistance zone (highlighted in purple).
🧠 Key Technical Insights
📌 1. Resistance Zone Rejection
Price Level: ~$3,370 - $3,390
Price attempted multiple breakouts above the resistance zone but consistently failed, indicating strong seller presence. The red arrow marks a lower high, suggesting waning bullish momentum.
📈 2. Trendline Break
The rising blue trendline has been decisively broken. This signals a potential trend reversal from bullish to bearish.
🧭 3. Support Levels to Watch
Minor Support: $3,294.43 (short-term reaction zone)
Major Support: $3,244.87 (target of the projected drop)
🔮 4. Bearish Projection
Blue arrows indicate a measured move expectation, targeting the $3,244.87 level.
A bearish flag/pennant formation post-break suggests continuation lower.
⚠️ Key Considerations
Fundamentals: Note the icons at the bottom — upcoming USD-related news/events 📅 could inject volatility.
Confirmation: For bears, a clean rejection from the resistance retest would confirm entry zones.
🧭 Trading Bias:
🔻 Short-term Bearish
As long as price remains below the purple resistance and under the broken trendline, selling pressure dominates.
🛑 Invalidation Zone
A daily close above ~$3,390 would invalidate this bearish setup and suggest a return to bullish momentum.
Trade active
Target One at 3294 Was Beautifully Hit 🎯 – Now Price is Trading Around 3323 📈
The market perfectly reached the first target level at $3294, showing a clean technical reaction. Currently, price is hovering around $3323, suggesting renewed momentum. Let’s see how the market unfolds from here — will it push back toward resistance or continue its retracement? 👀📊
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Join My Telegram Channel For More Updates
t.me/FXMARKETANGEL
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t.me/FXMARKETANGEL
Join My Broker Refrel link
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PARTNER CODE⤵️
uvd1etcgg1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.